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interviewIA raises $2m in seed round to remove hiring bias

How can virtual recruitment be more inclusive?

Allie Nawrat

Technologist

interviewIA
Credit: DIma Berlia via Twenty20.

interviewIA was founded in 2020 to support changes going on in the world of work. Unleash Your People

  • The final week is April was yet another busy week for HR tech investment.
  • The latest funding news comes from interviewIA.
  • interviewIA’s platform streamlines the recruitment process, as well as removes bias.

HR tech is clearly hot right now. After a very productive first quarter of mergers and acquisitions, there has been no let up in investment into the space in April.

This week alone TravelPerk raised $160m in a Series D and CareRev closed a $50m Series A, but the latest HR tech company to receive funding in the past week is newly launched, Colorado-based interviewIA.

interviewIA’s $2m seed round was led by the Colorado Impact Fund; other investors who participated in the funding included FirstMile Ventures, Rockies Venture Club and Service Provider Capital.

As its name suggests, interviewIA helps companies up their recruitment game.

Its hiring workflow platform enables interviewers to deliver a seamless, non-biased experience to job candidates – thereby helping to create a genuinely inclusive future of work.

interviewiA’s platform relies on deep learning intelligence amplification (IA) technology and behavioral science to reduce errors in the recruitment process due to bias.

COVID-19 and interviewIA

interviewIA was only founded in June 2020 and focuses on virtual recruitment processes. The company claims to have reduced turnover by 25% and increase retention of talent by 60%, thereby saving its customers $200k.

CEO Joe Thurman commented: “There is no better time for technology, like interviewIA, than post-pandemic and in the middle of a true desire for social change around the world.

He added: “We’re grateful to have investors that align with our vision to build better workforce solutions and strategies.”  

interviewIA plans to use this funding to fund its own strategic hiring and product development.

Talking about the funding, the Colorado Impact Fund co-managing partner Ryan Kirkpatrick said: “As hiring accelerates through the recovery from the pandemic and considering the call to action on Diversity, Equity, and Inclusion after the social movements this past summer, we believe a solution to make the interview process more efficient, structured, and unbiased is important and timely.”  

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